Introduction

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Background

LinkedIn is an illustrious website that helps professionals connect with one another. It is also a portal for people to display their skills as well as the path that their career has taken through the years. It contains a variety of information ranging from education, knowledge to checkpoints in their career.

Employers also use this platform for recruiting professionals. So it is a useful tool which is slowly becoming a necessity for people entering into the corporate world. Navigation and understanding crucial skills for their profession of choice and the location they would flourish goes a long way in crafting a successful career.

Approach of Project

The report will be charting the trends in LinkedIn across all fields. It will be delving into the kind of skills that are gaining or losing popularity across different verticals as well as what the top few must have skills are for all working professionals.

The other useful component for young professionals is what the migration trends are with respect to their skills and which place would give them space to learn and display their potential.

The final aspect but supremely important one is whether the global employment trends are conducive to their growth. Only upon knowing this aspect is it possible for them to decide whether migration is a good option or upskilling is necessary.

Information on Data

The World Bank Group - Linkedin Digital Data for Development attempts to harness LinkedIn data covering more than 100 countries. For the purpose of this report the following datasets will be accessed:

  • Excel: Industry Skills Needs
  • Excel: Talent Migration

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Group info

Team of Thrones

Members:

  • Ambalika Gupta
  • Smriti Vinayak Bhat
  • Yin Shan Ho

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Skills

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Trend of skill categories across the different verticals by year

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Trend in change of useful skills across occupations

Analysis

  • Soft skills are the one set of skills that people have increasingly found need for across all the verticals.
  • Business skills are finding less and less takers by the year.
  • Specialized industry skills seem to have seen volatility as they were in decline up until 2017-2018 but with the arrival of 2019 they saw a significant boost in demand.
  • Disruptive technological skills do not seem to have caught on yet except for the Information and Communication segment.
  • Mining and Quarrying have seen no disruptive tech skills growth whatsoever.
  • Despite fintech sweeping across the world, among the people employed in the field of financial and insurance activities little to no technical skills seem to be visible.
  • The skill that is the most in demand across all years is Digital Literacy.
  • Business Management, Leadership and Teamwork are also right behind. Business Management however has been in decline since 2017 while Teamwork has taken the forefront.
  • Business Skills - 5, Soft Skills - 4, Specialized Industry Skills - 2, Tech Skills - 3 are the split across the type of skills. Business skills and Soft skills still dominate.
  • Specialized Industry skills figure in this list too. These are Research and Foreign Languages. In an increasingly interconnected world, it is quite evident why Foreign Languages make this list. Research also forms the corner stone of innovation and is an important skill to possess. Apart from this, Social media is also a technological main stay which figures prominently. This is yet another proof of the influence of technology on skills needed.

Talent Migration

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Industry migration trend from the year 2015-2019

Skill Gain due to migration from the year 2015-2019

Skill Loss due to migration from the year 2015-2019

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Top 10 countries with Highest Number of Immigrants

Country Name Net Migration
Georgia 8.535556
Luxembourg 8.201111
Gabon 6.656000
Papua New Guinea 4.104000
Cyprus 2.956875
Zambia 2.705000
Malawi 2.372500
Kuwait 1.932308
Congo, Dem. Rep.  1.653000
Libya 1.562857

Top 5 Employment Growth (Countries)

country name region average perentage of growth
Luxembourg Europe & Central Asia 11.389292
Cyprus Europe & Central Asia 5.913180
Georgia Europe & Central Asia 5.399218
United Arab Emirates Middle East & North Africa 4.850546
Switzerland Europe & Central Asia 3.984353

Highest Migration Rate

Country Name Net Migration
Cuba -11.336000
Jamaica -8.832500
Haiti -6.900000
Fiji -6.633333
Benin -5.530000
Moldova -5.447500
Bosnia and Herzegovina -5.437143
Venezuela, RB -5.286400
Tunisia -4.548235
Madagascar -4.540000

Analysis

  • Top 3 out 10 countries with the highest number of net migrant arrivals are from the European region and this can be correlated to the high employment growth rate of Luxembourg, Cyprus and Georgia.
  • Top countries with people migrating from, in search of jobs belong to Sub-Saharan African continent.
  • Industries like Finance - Venture Capital and Private Equity and Tech Industry - Computer and Network Security, Information Services, Internet have flourished consistently over the years with highest number of arrivals due to migration. E-Learning and Outsourcing/Offshoring is an upcoming industry with increasing arrivals.

Top Skill Gains due to migration

  • Debt Collection skill - Shows an upward trend
  • Fintech
  • Persuasion skills
  • Data-Driven Analytics
  • Nanotechnology
  • Nuclear Physics
  • Web Hosting

Maximum Skill Loss due to migration

  • Investor Relations & Partner Development
  • Aerospace Engineering
  • Material Science
  • Time Management
  • Communication
  • Paediatrics
  • Computer Graphics and Social Media

Employment Growth

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Global trend of employment growth rate

Trend of employment growth rate in different industries

Analysis

  • Global decrease in the growth rate of employment

  • Most of the income groups have increasing trend of employment rate except from high income group

  • Rapid development in Information and communication Section

  • Decreasing trend observed in Mining and Quarrying sections in High and Upper Middle Income group

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Top 5 Employment Growth (Countries)

country name region average perentage of growth
Luxembourg Europe & Central Asia 11.389292
Cyprus Europe & Central Asia 5.913180
Georgia Europe & Central Asia 5.399218
United Arab Emirates Middle East & North Africa 4.850546
Switzerland Europe & Central Asia 3.984353

Analysis

  • Higher employment growth rate in European and Central Asian Countries

  • Most of them have rich mineral/oil resources

Top 5 Employment Growth (Industries)

industry name average persentage of growth
Venture Capital & Private Equity 3.584088
Alternative Dispute Resolution 2.462249
Computer & Network Security 2.097874
Renewables & Environment 2.069448
Aviation & Aerospace 1.673296

Top 5 Employment Recession (Industries)

industry name average percentage of growth
Newspapers -2.103078
Accounting -2.074900
Market Research -1.822482
Outsourcing/Offshoring -1.798203
Telecommunications -1.538015

Analysis

Rapid Development in:

  1. Infrastructure

  2. Information Technology

  3. Equity Management

  4. Environment Protection

Rapid Recession in:

  1. Traditional Media

  2. Traditional Communication

Conclusion

Professionals in today’s day and time are always looking for opportunities to grow in terms of their career. There are multiple aspects to this growth and the environment needed to enrich the growth.

Skills are front and center in terms of must-haves for a fruitful career. From the analysis it is clear that soft skills are a necessity regardless of vertical. Business skills have no longer remained the mainstay that they used to be and tech skills are here to stay however their disruptiveness in every sector is up for debate.

As one chooses to upskill, they find it harder to stay stationary within their old environment and migrate to greener pastures. From above trends it is observed that hard skills like Data Driven Analytics, Fintech, Nanotechnology and soft skills like Persuasion has seen an upward trend in terms of skill gain due to migration. This can be credited to expanding technology and the growing stock markets and startup culture looking at the Venture Capital and Private Equity industry trend.

However we also need to consider whether the current economy is at the state where such activities are possibly and employment growth would directly relate to whether the upskilling has to do with retaining jobs or switching them out.

References

World Bank Group - LinkedIn. (n.d.). World Bank LinkedIn Digital Data for Development. Industry Jobs and Skills Trends. Retrieved May 25, 2021, from https://linkedindata.worldbank.org

World Bank. (n.d.). Skills | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/skills-linkedin-data

World Bank. (n.d.). Employment Growth | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/employment-growth-linkedin-data

World Bank. (n.d.). Migration | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/talent-migration-linkedin-data

Agarrwal, K. (2021, April 19). What is FINTECH? Retrieved May 18, 2021, from https://www.forbes.com/advisor/in/banking/what-is-fintech/

Forbes. (2021, April 19). Data is the new oil | Retrieved May 25, 2021, from https://medium.com/@adeolaadesina/data-is-the-new-oil-2947ed8804f6